This study presents a comprehensive open probabilistic seismic risk model for India. The proposed model comprises a nationwide residential and non-residential building exposure model, a selection of analytical seismic vulnerability functions tailored for Indian building classes, and the open implementation of an existing probabilistic seismic hazard model for India. The vulnerability of the building exposure is combined with the seismic hazard using the stochastic (Monte Carlo) event-based calculator of the OpenQuake engine to estimate probabilistic seismic risk metrics such as average annual economic losses and the exceedance probability curves at the national, state, district, and subdistrict levels. The risk model and the underlying datasets, along with the risk metrics calculated at different scales, are intended to be used as tools to quantitatively assess the earthquake risk across India and also compare with other countries to develop risk-informed building design guidelines, for more careful land-use planning, to optimize earthquake insurance pricing, and to enhance general earthquake risk awareness and preparedness.